Sona Machinery Limited IPO
NSE SMEListed On: Mar 13, 2024 at ₹ 125.0
₹ 143000 /1000 Shares
Check Allotment05 Mar, 2024
Open Date07 Mar, 2024
Close Date11 Mar, 2024
Allotment Date13 Mar, 2024
Listing DateIssue Price
₹136-143 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedList Price
125.0Listing Date
2024-03-13Market Lot
1000 Shares (₹143,000/-)Lead Manager
Hem Securities LimitedIssue Size
3,624,000 shares(aggregating up to ₹51.82 Cr)Retail Portion
35%Subscription
273.57 timesSona Machinery Limited IPO Details
Sona Machinery Limited IPO is an SME IPO, priced at ₹136-143 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 36,24,000 equity shares, aggregating up to ₹51.82 crores..
The IPO bidding window is open from Mar 5, 2024 to Mar 7, 2024. The allotment is expected to be finalized on Mar 11, 2024, and the tentative listing date is Mar 13, 2024.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,43,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,86,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Hem Finlease Private Limited will act as the market maker for this issue.
Sona Machinery Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 688,000 / 517,000 | 1,205,000 | 2,410,000 |
| Day 1 - 05-03-24 06:00 PM | 6.71 / 8.65 x | 19.62 x | 13.58 x |
| Day 2 - 06-03-24 06:00 PM | 6.78 / 34.49 x | 63.59 x | 41.13 x |
| Day 3 - 07-03-24 06:00 PM | 129.72 / 554.77 x | 235.06 x | 273.57 x |
Sona Machinery Limited Valuations
EPS Pre IPO
₹7.63/-EPS Post IPO
₹7.08/-P/E Pre IPO
18.73P/E Post IPO
20.2ROE
44.49%ROCE
46.61%Debt/Equity
0.06RoNW
36.39%PAT Margin
10.32Price to Book Value
8.11Sona Machinery Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,864.75 | 1,520.54 | 732.62 |
| Revenue | 8,118.06 | 4,453.07 | 606.33 |
| Profit After Tax | 770.96 | 330.02 | 28.22 |
| Net Worth | 1,132.34 | 363.98 | 37.51 |
| Reserves & Surplus | 1,122.34 | 353.98 | 27.51 |
| Total Borrowing | 252.60 | 236.61 | N/A |
About The Company
Sona Machinery Limited is an agricultural machinery manufacturing company for processing rice, pulses, wheat, spices, and Barnyard Millet. It was established in 2019.
The company produces Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator etc.
Its products are exported from India to Nigeria, Bangladesh, Nepal, and Kenya.
Das System & Services Pvt Ltd. has accredited the company with ISO 9001:2015 for Quality Management Systems.Sona Machinery offers engineering, installation, supervision, and machine commissioning services, thus providing a comprehensive solution for the milling sector, from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.
Manufacturing unit located at Ghaziabad, Uttar Pradesh, which contains the total area of about 52,205 sq. ft. Material and finished goods warehouse.
The company had more than 390 employees with the help of semi-skilled workforce at all levels of the organization as of September 30, 2023.
Sona Machinery Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.59%
- Mr. Vasu Naren
- Ms. Shweta Baisla
Sona Machinery Limited IPO - Issue Objectives
- Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad.
- Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
- General Corporate Purpose
Other Details
Sona Machinery Limited
Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Sona Machinery Limited IPO - FAQs
Ans. Sona Machinery Limited IPO is a SME IPO. The issue is priced at ₹136-143 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Mar 5, 2024, and closes on Mar 7, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Sona Machinery Limited IPO opens on Mar 5, 2024 and closes on Mar 7, 2024.
Ans. The size of Sona Machinery Limited IPO is 3,624,000 shares(aggregating up to ₹51.82 Cr).
Ans. The IPO price band is set between ₹136-143 per equity share.
Ans. To apply for Sona Machinery Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sona Machinery Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sona Machinery Limited IPO is Mar 11, 2024.
Ans. The Sona Machinery Limited IPO will be listed on Mar 13, 2024.
Ans. Follow the steps to check the allotment status for Sona Machinery Limited IPO here.
